add-on interest
noun [ U ]
BANKING ukusinterest that is added to the principal (= original amount) of a loan. The loan payments are equal to the interest added to the original amount divided by the number of months of the loan.
| 单词 | add-on interest |
| 释义 | add-on interest noun [ U ] BANKING ukusinterest that is added to the principal (= original amount) of a loan. The loan payments are equal to the interest added to the original amount divided by the number of months of the loan. |
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